Workers Compensation & Unemployment Insurance

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Alberta has the lowest average Worker's Compensation Board premium rate ($1.33 per $100 of insurable earnings in Canada in 2008.  The average rate for 2009 is $1.32).

 2005 to 2009 Premium Rates by Sector
  2005 Premium Rate 2006 Premium Rate 2007 Premium Rate 2008 Premium Rate 2009 Premium Rate Range of
Sector Range Range Range Range Range % Difference in Rates
Agriculture and Forestry $3.77 - $4.60 $3.54 - $4.32 $3.47 - $3.58 $2.98 - $3.64 $3.04 - $3.31 -11.81% to 2.01%
Mining & Petroluem Development $0.46 - $4.75 $0.46 - $4.15 $0.40 - $3.27 $0.38 - $3.41 $0.41 - $3.32 - 3.55% to 56.29%
Manufacturing and Processing $0.68 - $8.84 $0.67 - $6.07 $0.54 - $4.31 $0.48 - $4.85 $0.41 - $6.05 -22.88% to 50.00%
Construction & Construction Services $1.07 - $9.88 $0.86 - $9.20 $0.83 - $8.12 $0.85 - $7.26 $0.75 - $6.41 -15.50% to 10.29%
Transportation, Communications & Utilities $0.58 - $5.69 $0.49 - $5.20 $0.43 - $4.18 $0.35 - $3.87 $0.31 - $3.81 -18.57% to 21.53%
Wholesale & Retail $0.38 - $2.79 $0.30 - $2.29 $0.28 - $2.03 $0.29 - $2.17 $0.28 - $1.83 -10.76% to 16.13%
Municipal Gov't, Education & Health $0.15 - $3.16 $0.13 - $2.76 $0.09 - $2.25 $0.09 - $2.07 $0.07 - $ 2.04 -19.32% to 10.53%
Provincial Government $0.18 - $1.25 $0.15 - $1.17 $0.15 - $1.42 $0.15 - $1.22 $0.17 - $1.10 -9.84% to 20.00%
Business, Personal & Professional Services $0.24 - $3.43 $0.22 - $3.93 $0.22 - $3.63 $0.20 - $3.34 $0.21 - $3.10 -16.91% to 17.11%

NOTES:

  1. There are a variety of jobs within each sector, accounting for the range in premium rates.
  2.  Premium changes from 2005 to 2006 to 2007 to 2008 to 2009 were based on an assessment of each job within the sector, therefore rates increased for some jobs while others saw a decrease.
  3.  The "% Difference in Rates" accounts for the smallest and greatest changes within the sector.
  4. Source:  WCB Alberta.  Customer Service & Risk Management, 2007, 2008, 2009

 

Workers Compensation Facts at a Glance - 2003, 2004, 2005, 2006, 2007, 2008
  2008 2007 2006 2005 2004 2003
Number of Workers Covered  1,830,749  1,744,522 1,649,736 1,539,732 1,428,595 1,401,768
Claims Costs (Thousands)  971,635  855,264 $877,012 $860,972 $825,840 $860,091
Registered Employers  140,184  135,185 127,701 117,337 109,195 106,255
Premium Revenues (Thousands)  993,767  977,725 $1,003,292 $978,910 $936,178 $877,642
Average Collected Premium Rate  $1.33  $1.46 $1.63 $1.83 $1.96 $1.94
(per $100 of insurable earnings)            
Investment Revenue (Thousands)  $(421,333)  $567,975 $718,173 $556,214 $224,336 $214,972
Fund Balance (Thousands)  $590,330  $1,673,269 $1,514,300  n/a $358,978 $311,002
Funded Position (per cent funded)* 111.7% 133.0% 136.50% 132.40% 131.30% 120.70%
Occupational Disease Reserve  N/A  N/A $298.4 n/a $241,500 $231,700

* Funded Position includes Fund Balance, Accumulated Other Comprehensive Income and Occupational Disease Reserve.

Source: WCB Alberta 2008 Year at a Glance

 

Coverage Information - 2009  
Annual Wage Loss Coverage Approximate Monthly Compensation Rate
$20,500 $1,326.51
$25,000 $1,562.73
$30,000 $1,825.19
$35,000 $2,087.66
$40,000 $2,339.00
$45,000 $2,579.28
$50,000 $2,834.28
$55,000 $3,089.28
$60,000 $3,337.74
$64,600 $3,337.74
$68,500 $3,771.24
$72,600 $3,986.88
Source:  WCB Alberta

 

Employment Insurance  
Employee EI premium rate (2009) $1.73 per $100 of insurable earnings
Employer EI premium rate (2009)  $2.42 per $100 of insurable earnings
Maximum Insurable Earnings (2009) $42,300
Maximum Annual Contribution - Employee (2009) $731
Maximum Annual Contribution - Employer (2009) $995